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IBJ staff, Associated Press and Bloomberg News
Community Newspaper Holdings Inc., the owner of several community newspapers in central Indiana, will be sold as part of a $3.65 billion merger deal involving its parent company.
Raycom Media Inc. on June 25 said it would sell off its CNHI unit-which owns 13 newspapers in Indiana-after being acquired by Gray Television Inc.
CNHI owns 100 community newspapers or publications in 22 states, including The Herald Bulletin of Anderson, Zionsville Times Sentinel, Hendricks County Flyer and The Lebanon Reporter.
Its other Indiana newspaper holdings include the Kokomo Tribune, The Tribune Star of Terre Haute, Rushville Republican, Greensburg Daily News, Batesville Herald-Tribune, The Pharos-Tribune of Logansport, Goshen News, Washington Times Herald, and The News and Tribune of Clark and Floyd counties.
CNHI has retained a newspaper brokerage firm to explore selling the company, according to a statement posted on its website.
The 20-year-old newspaper group became a subsidiary of Raycom in September after the two...